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India’s Purchasing Managers’ Index (PMI) for manufacturing recovered slightly in October to 55.3 from 55.1 in September,2022 as growth remained robust and price pressures were contained. The survey compiled by S&P Global reflected an improvement in employment and purchases by factories. A print above 50 in the survey indicates expansion in manufacturing activity while a score below that represents contraction. S&P Global Headquarters: New York,US CEO: Douglas L. Peterson PMI or a Purchasing Managers' Index (PMI) is an indicator of business activity -- both in the manufacturing and services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before.
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